INVOICING

The buying-selling operation involves the relationship between two economic agents: the buyer or the customer and the seller or the supplier.
When the buyer makes a purchase of goods or services, the seller must provide them with an invoice.
The invoice is a mandatory document established between the seller and the buyer; it is a justificatory piece drawn up by the
supplier to illustrate the conditions under which it sold goods and services to the client.
I. Operation on invoice must:
The invoice must be an invoice that generally mentions the amount that the client owes to the vendor, i.e., the seller's receivable.
on the buyer after a sale operation. The invoice must be the original invoice of a purchase/sale transaction.
Invoice must be without reduction:
At supplier or seller: ● At client or buyer:
Date Date
3431CLT X 6111 Purchase of m/ses X
7111 Sale of my/their X 4411 FRS X
Invoice No. Invoice No. ...
Date Date
X Box/BQ X 4411FRS X
3421 CLT X X Box/BQ X
CHQ No. Cheque no ...

2. Invoice due with discount:

a. Invoice with commercial discounts:
Discount: reduction granted by the company to its customers for quality defects or for delays in delivery.
-Discount: reduction granted by the company to its customers based on the personality of the customer or the importance of
quantities purchased.
Rebate: discount granted by the company to its clients based on the level of business generated with the client.
a period.

Note:
Commercial reductions are calculated in cascade and always before the financial reduction.
Commercial discounts on invoices should not be accounted for.
Commercial discounts are deducted first from the gross amount of the invoice, which gives us the net amount.

Net commercial = Gross amount - Commercial discount

b. Invoice with financial discount:

The discount is a financial reduction granted by the company to its customers for cash or early payment.
The discount is always recorded. It represents:
A financial charge for the seller who must record it as a debit in account: 6386 Discounts granted.
A financial product for the buyer that must be recorded as a credit to account: 7386 Discounts received.
Generally, the discount is placed after trade reductions and is calculated on the net commercial. The difference between
The net commercial and the discount give us the net financial.

Net financier = Net commercial - Discount

1
 3. Invoice due with surcharge:
a. Value Added Tax:
The note on VAT:
Value Added Tax (VAT) is an indirect tax that targets the taxpayer's spending. It does not constitute a
to charge a product for the company.
In case of sale: the company charges VAT to its customers. The VAT charged represents a debt of the company.
towards the state, it is recorded in the account credit: 4455 State, VAT billed.
In case of purchase: the company pays VAT to its suppliers. The VAT paid represents a receivable for the company.
At the State, it is recorded in the account debit: 3455 State, recoverable VAT which is subdivided into two accounts
divisional
34551 State, VAT recoverable on fixed assets.
34552 State, recoverable VAT on charges.

The VAT declaration:

The VAT declaration (monthly or quarterly) involves determining the amount of VAT owed that the company must pay.
pay to the State, after having reclaimed all the VAT paid on its purchases.

VAT due = Invoiced VAT - Recoverable VAT

If the VAT charged > recoverable VAT: the VAT due represents a debt of the company to the public treasury that must be settled.
paid before the 20th of the following month.
If VAT charged < recoverable VAT: the VAT credit represents a claim of the company on the public treasury that must
to be carried over to the VAT due for the following month.
TVA owed (M) = Invoiced TVA (M) - TVA R / expense (M) - TVA R / asset (M) - TVA credit (M-1)

In order to ensure better VAT neutrality, it was decided, starting from January 1, 2014, to remove the rule of
a one-month delay.

We distinguish two tax regimes:

Debits regime (optional regime): The declaration of the payable VAT must be made as soon as the claim is recognized.
on the client whatever the payment method.
Cash basis regime (general law regime): The declaration of the VAT due must be made after the payment.
from the customer regardless of the invoice date.

VAT registration:
In case of VAT due: In case of VAT credit:
Date Date
4455 State, VAT charged X 4455 State, VAT charged X
34551 State VAT R/Immo X 3456 State, VAT credit X
34552 VAT State R/C X 34551 VAT State R/Real Estate X
4456 State, VAT due X 34552 VAT status R/C X
Following declaration ... Following declaration ...

4456 State, VAT due X

5151 Bank X
Bank check no...

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 b. Transportation costs:
The invoicing of transportation fees for clients is very common in practice. Two cases are to be distinguished: Only the transport
assured by the supplier by its own means (Freight loaded), whether the transport is assured by a third party (Port
outlay).

First Case: Flat Rate:

The lump-sum price when the delivery of goods is carried out by the seller using their own means. The VAT rate
applied on the transport is the normal rate of 20%.
For the seller: transportation constitutes an operating product that is recorded as a credit to the account:
71276 Ports and accessory fees invoices.
For the buyer, transportation constitutes an operating expense that is recorded as a debit in the account:
61425 Transport on cats.
2nd Case: Outlay port:
The transport costs are incurred when the delivery of the goods is carried out by a carrier. In this case, the seller bears
the transportation costs initially, then he recovers them from his client. The VAT rate applied to the
transportation tax in effect of 14%.
For the seller: the transport is first recorded as a debit to the account:
61426 Transport on sales.
In a second step, and with the accounting of the sale to the customer, the transport is recorded as a credit to the account:
61426 Transport on sales by the same amount.
For the buyer: transportation always represents an operating expense that is recorded as a debit in the account:
61425 Transport on purchases.

4. General accounting entry:

At the supplier or seller: At the client or buyer:
Date1 Date1
61426 Transport/Sales (expenses) X
34552 VAT State R/C X
4411 CARRIER X no writing
Invoice No.
4411CARRIER X
X cash register / BQ X
CHQ no.
Date 2 Date 2
3421CLT X 6111 Purchase of M/se X
6386 Discount granted X 61425Transport/purchase X
7111 Sale of M/se X 34552 State, VAT R/C X
4455 State, VAT charged X 4411 FRS X
71276 PortetFA invoiced X 7386 Discount obtained X
61426 Transport/Sales (expenses) X Invoice No. ...
34552 VAT State R/C X 4411FRS X
Invoice No. … X Cash register/BQ X

X Box/BQ X CHQ no.

3421 CLT X
Check number

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 II. Operation on credit note invoice:
In the event that the customer returns to the supplier a part or all of the merchandise that does not conform to the order,
the supplier must send him a new invoice called credit invoice. So, after billing and delivery of
merchandise, the customer may benefit from a credit note as a result:
- of a return of non-compliant or defective goods.
- of a reduction granted late or not provided for in the initial invoice.
If the invoice represents a debt of the supplier to the client, the opposite is true for the credit note that represents a debt of the client.
supplier towards its client.

1. Return of goods:
The credit note for the return of goods must be issued referencing the invoice due.
In accounting, you simply need to reverse the initial entry (contra entry) for the amounts.
concerned.
2. Reductions outside invoice Must:
a. Commercial discount:
Commercial discounts (RRR) granted on credit notes must be recorded in specific accounts.
- For the supplier: they are recorded as debits to account: 7119 or 7129 RRR granted by the company. The balance
The debtor of this account leads to a decrease in sales.
- For the client: they are recorded as credit to account: 6119 or 6129 RRR obtained from purchases. The credit balance of
These accounts lead to a decrease in purchases.
b. Financial reduction:
After the initial invoicing and following an early payment, the client can benefit from a financial reduction granted by
his supplier.
The financial discounts on the Credit Invoice are recorded in the same way as on the Debit Invoice.
- For the client: they are recorded in the credit of account 7386 discounts obtained on purchases.
- For the supplier: they are recorded on the account debit: 6386 agreed by the company.

4
 THE PACKAGINGS

Commercial packaging is objects intended to hold products or goods and delivered to customers.
same time as their content.
We distinguish between two types of commercial packaging:
- Lost packaging: They are delivered to customers with their content without a deposit or return (the boxes, the bottles, the
plastic bottles, the bags.
- Recoverable packaging: They are subdivided into identifiable recoverable packaging unit by unit (Tankers,
Containers, barrels, boxes are recoverable packaging that are not identifiable unit by unit (glass bottles, boxes)
in wood, Gas bottle pallets). These packaging can be lent, rented, or consigned.
The packaging that is intended to be used interchangeably as lost packaging or as packaging
Mixed packaging is called recoverable.
The packaging materials refer to the items that serve the internal needs of the company and are not intended for...
to be delivered to the customers.

I. Packaging purchases:
At supplier or seller: At client or buyer:
Lost packaging:
Date Date
3421Client X 61231 Lost packaging purchase X
7121 Sale B P to M X 34552 State, VAT R/C X
4455 State, VAT invoiced X 4411 FRS X
Invoice No. Invoice No. ...

2. Reusable packaging:
a. Identifiable recoverable packaging:
Date Date
3421Client X 2333 Identifiable packaging X
7121 Sale B P to M X State, VAT R/Real estate X
4455 State, VAT charged X 4411 FRS X
Invoice No. ...

b. Unidentifiable recoverable packaging:

Date Date
3421Client X 61232PurchaseEm.R. Not identified X
7121 Sale B P to M X 34551 State, VAT R/Real Estate X
4455 State, VAT charged X 4411 FRS X
Invoice No. Invoice No. ...

3. Packaging material:
Date
2332 Material and tools X
34551 State, VAT R/Real Estate X
4411 FRS X
Invoice No...

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 II. Operations on packaging:
1. Consignment of packaging:
The consignment of packaging is an operation that involves delivering the packaging with the goods to the customer who
must return them to the supplier who remains the owner of the packaging.
The supplier requests in return for the loan of packaging a sum of money that he commits to repay upon
return of packaging.
For the supplier: the deposit constitutes a debt to the client.
For the client: the deposit constitutes a debt to the supplier.
The consignment price is a security deposit, it should not be subject to VAT.
Example: on January 6, the company sells M/SES to its client DRISS and consigns 80 boxes at 20 DH including tax each that he must...
return before January 20.
MB 40,000
5% discount 2,000
net commercial 38,000
- 1% discount 380
net financial (excluding tax) 37.620
+ VAT 20% 7.524
reusable packaging
(80 boxes x 20 DH) 1.600
net to be paid (including tax) 46.744

At supplier or seller: At the client or buyer:

Date Date
3421Client 46.744 6111 Purchase of M/s 38,000
6386 Discount granted 380 34552 State, VAT R/C 7.524
7111 Sale of M/se 38,000 3413 FRS, C E.M.R 1.600
4455 State, VAT charged 7.524 4411 FRS 46.744
4425 Clients D.E.M.C 1.600 7386 Discount obtained 380
Invoice No. Invoice No. ...

2. Unpacking of packaging:
Upon returning the packaging by the customer, two cases may arise:
a. Packaging returned at the deposit price:
This operation is financially neutral; it represents neither an expense nor a revenue.
Example: on January 20, Client DRISS returns 60 crates on January 6 at their deposit prices. On the same day
the company sends him the following credit invoice No. AV-78:
Return of deposited cash registers
(60 boxes x 20 DH) 1200
net to deduct 1200

At the accounting level, the following accounts need to be reconciled:

At supplier or seller: At the client or buyer:
Date Date
4425 Clients D.E.M.C 1,200 4411
FRS 1,200
3421 Client 1,200 3413 C.E.M.R Suppliers 1,200
Invoice No. Invoice No. ...

6
 b. Packaging taken back at a price lower than the deposit price:
The packaging is taken back at a price lower than their deposit prices for the following reasons:
- It is because the packaging has been damaged.
- It's because the supplier has set a maximum restitution deadline.

This operation generates:

A product for the supplier who must register it for credit: 71275 Bonuses on the return of consigned packaging.
- A charge for the client who must record it as a debit to account: 61317 Mali on returned packaging,
VAT becomes payable in this case on the amount of the difference between the deposit price and the buyback price.
Example: On January 25, the client DRISS returns 14 deposit boxes on January 6. On the same day, the company decides to
take back the boxes at the price of 15 dirhams each and send him the following credit note Invoice No. AV-79:

Return of consigned boxes:

security deposit price: (14 boxes x 20 MAD) 280
difference of recovery: (20 - 15) x 14 boxes 70
VAT 20% 14
net to deduct 196

At the supplier or seller: ● At the client or buyer:

Date Date
4425 Clients D.E.M.C 280 4411FRS 196
3421 Client 196 61317 bads/packages returned 70
71275 Bonis/R.E.C 70 34552 State, VAT R/C 14
4455 State, VAT charged 14 3413 FRS, C.E.M.R 280
Invoice no. Invoice No. ...

3. No return of packaging:
In some cases, the customer definitely keeps the consigned packaging. In return, the supplier retains the amount.
of the consignment.
This situation represents for:
- The supplier is a sales operation that must be recorded as a credit to account: 71278 Other sales and
accessory products.
- The client performs a purchase operation that must be recorded as a debit to account: 61232 Packaging Purchases
non-identifiable recoverables.
The consignment price is considered as a retail price including taxes.
Example: On January 31, the client DRISS informs the company that he wishes to keep the 06 consigned boxes from January 06.
On the same day, the company sends him the following credit invoice No. AV-80:

unreturned deposit boxes:

consignment price (excl. tax) 100
+ VAT 20% 20
for regularization 120

At supplier or seller: At the client or buyer:

Date Date
4425 Clients D.E.M.C 120 61232
Purchase of Emba R non Identified 100
71278 Other sales and PA 100 34552 State, VAT R/C 20
4455 State, VAT charged 20 3413 FRS, C.E.M.R 120
Invoice No. Invoice No. ...

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 THE TRADE EFFECTS

A commercial instrument is a negotiable instrument representing a short-term receivable that is negotiable. One distinguishes
two types of commercial effects:
- The bill of exchange or draft: It is a written document by which a creditor (drawer) gives the order to his debtor (drawee) to
pay a specified amount on a fixed date (due date) to another person (beneficiary).
- The promissory note: It is a written document by which the debtor (subscriber) commits to pay a specified amount to
the due date to his creditor (beneficiary).
I. Creation of a commercial effect:
The creation of a commercial effect, that is to say, the acceptance of a bill of exchange or the subscription of a promissory note:
- For the client (debtor): this operation represents a debt towards its supplier.
- For the supplier (creditor): this operation represents a receivable from its client.

Example:
On 02/07, E/SE MANAR sends its client BADRI invoice no. 29 as follows:
net to be paid (including tax) 5.880
On 04/07, the E/SE MANAR sends to BADRI the bill of exchange no. 17 payable on 31/08.
On July 5th, the company BADRI returns the accepted bill of exchange No. 17.

●At MANAR: supplier or creditor At BADRI: client or debtor

05/07 July 5th
3425 Clients, Receivables 5.880 4411FRS 5.880
3421 Clients 5.880 4415 FRS, Payable effects 5.880
Treaty No. 17 treaty no. 17

II. Circulation of a negotiable instrument:

After its creation, the commercial effect can be endorsed for the benefit of a third party, discounted, or kept until its maturity.
collection.
Example: The company MANAR has three options: to endorse bill No. 17, to discount it, or to return it.
the collection.

1. Endorsement:
The holder of a commercial paper can endorse it to one of his creditors to settle a debt.
Case No. 1: On 07/18, the company MANAR endorses invoice No. 17 to the order of its supplier RIDA to settle a debt of
5.880.
At MANAR: endorser At RIDA: endorser
18/07 July 18
4411FRS 5.880 3425 Clients, Receivables 5.880
3425 Clients, Trade receivables 5.880 3431 Clients 5.880
Treaty No. 17 treaty No. 17
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 2. Discount Redemption (before the due date):
The discounting of a commercial bill involves negotiating or transferring the bill before the due date to a bank in exchange for a premium.
The profit consists of the following three elements:
Commercial discount: it is calculated on the nominal value (N.V) of the instrument for the duration (n) that separates the date of
negotiation or discount adjustment and the due date based on a discount rate (t).
(VN × n × t) /36,000

- Commissions: they are intended to recover the banker's fees.

- VAT: it is calculated on the amount of the premium excluding tax at a rate of 10%.

Agio HT = discount + commission × 10%

VAT = Premium HT

Agio TTC = Agio HT + VAT Net value = NV - Total premium

The commercial discount constitutes a financial charge for the company that must be recorded as a debit.
account: 63115 Bank interest and financing operations.
The commissions represent banking services for the company that must be recorded as a debit.
account: 61472 Fees on commercial papers.
The discounting: of a commercial paper is likened to a short-term loan from the bank that
must be recorded as a credit to a cash liability account: 5520 Discount Credits.
Case No. 2: On 07/08, the company MANAR negotiated loan no. 17 with its bank under the following conditions:
9%

On 09/08, L’E/SMANA receives credit notice n°C45: On 31/08, L’E/SBADRI receives the start notice No. D28:

Nominal value 5.880 Nominal value 5.880

Discount: (5.880× 9 × 25)/ 36.000 36.75 + commission excluding tax 30
+ Commissions 23.25 + VAT 10% 3

Agio HT 60 Only at your beginning 5913

+ VAT 10% 6
Agio TTC 66

Net to your credit: (VN - Total Agio) 5814

●At MANAR: At BADRI:

09/08 09/08
5141Bank 5.814
Bank interest and/O.F 36.75
61472 expenses/commercial effects 23.25 no writings
34552 State, VAT R/C 6
5520 Discount credit 5.880 August 31
Credit note no. C45 4415FRS, effects to be paid 5.880
31/08 6147 Banking services 30
5520 Discount Credit 5.880 34552 State, VAT R/C 3
9
3425 Clients, Effects at R 5.880 5141 Bank 5.913
Treaty No. 17 Notice of commencement No. D28

3. Presentation for payment (on the due date):

The beneficiary of a commercial instrument can wait until the due date to present the instrument for payment or to the other party.
or to the subscriber if the effect is not domiciled, either to the bank if the effect is domiciled.

a. Settlement of the effect by the bank (the effect is domiciled):

Case No. 3-1:

On 29/08, the company MANAR submits the contract No. 17 On 01/09, the BQ sends the E/SBADR the notice of commencement.
to the bank for deposit. no.045 :
On 01/09, BQ sends the credit notice No. 076:

Nominal value 5.880 Nominal value 5.880

commission (HT) 40 commission (HT) 30
VAT 10% 4 VAT 10% 3
Net to your credit 5.836 Net at your start 5913

At MANAR: At BADRI:
August 29 January 9
51132 effect the collection 5.880 4415FRS, effects to pay 5.880
3425 Client, effects at R 5.880 6147 Banking services 30
Treaty No. 17 34552 State, VAT R/C 3
01/09 5141 Bank 5913
5141 Bank 5.836 Notice of commencement No. 045

6147 banking services 40

34552 State, VAT R/C 4
51132 effects upon receipt 5.880
Start notice n°045

b. Payment of the instrument by the drawee or the subscriber (the instrument is not domiciled):
Case No. 3-2:
On 31/08, the company MANAR presents invoice no. 17 to its client BADRI for payment.
On the same day, the company BADRI pays invoice no. 17 in cash (P.C no. 32).
At MANAR: ● At BADRI:
31/08 31/09
5161Box 5.880 4415FRS, Payable effects 5.880
3425 Clients, Receivables 5.880 5161 Box 5.880
Collection of the P.C No. 32 - Treaty No. 17
Treaty No. 17

10
 III. Payment incidents of commercial papers:
The drawer or the subscriber may be unable to fulfill their commitment by paying the commercial paper. Two cases
can present themselves:
- Before the deadline: the trader or the subscriberThe borrower informs the lender or the beneficiary of its cash flow difficulties and it
request a renewal of the effect.
- Upon due date: the trader or the subscriber does not fulfill their commitments and the bank returns to the trader or the ...
recipient of the unpaid effect.

Renewal of effect:
Two cases can be considered depending on whether the effect is held by the holder or not:
- Effect held by the issuer: in this case, the issuer cancels the first effect and creates a new one with a later due date.
- The effect is not held by the letter: in this case, the treasurer advances the funds to the treasurer to ensure the payment of the effect.
the deadline and create a new effect.

a. Extension of the deadline:

When the instrument is in possession of the bearer and found in his wallet, in this case, it is after the cancellation of the instrument.
initial estimation of costs and late interest, the treasurer creates a new effect at a later date.
Example:
On 04/20, the client TAKNI informs its supplier BIDANI that it will not be able to pay on the due date of 04/30 the installment n°78 of
nominal 6.000 dh and requests a postponement of the deadline.

On 25/04, the company BIDANI cancels invoice n°78 and issues a new invoice n°79 on 30/05, including interest for
delay at 10% (from 30/04 to 30/05), and correspondence fees of 15 dh and a fiscal stamp of 5 dh. VAT 20%.
On 27/04, the company TAKNI accepts the new draft n°79.

At BIDANI: supplier At TAKNI: client

April 25 20/04
3421Client 6,000 4415FRS, Payable effects 6,000
3425 Clients, Receivables 6,000 4411 FRS 6,000
Cancellation of the Cancellation of the
Treaty No. 78 Treaty No. 78
April 25 April 27
3421Client 80 6311 interest on loans and D 50
7381 interests and P. Assi 50 34552 State, VAT R/C 10
4455 State, VAT charged 10 61451 postal charges 15
61451 postal fees 15 61671Right of registration and T 5
61671 Registration Rights and T 5 4411 FRS 80
Renewal fees Renewal fees
Of the effect Of the effect
27/04 27/04
3425 Clients, Receivables 6.080 4411FRS 6.080
3421 Clients 6.080 4415 FRS, Effects to be paid 6.080
New treatment No. 79 New deal no. 79

Note:
11
Interest = (6.000 x 10 x 30) / 36.000 = 50 DH

b. Advance of funds:
- The effect can be endorsed, discounted, or collected.
- In this case, the treasurer advances funds to the treasury for the payment of the initial bond and to issue a new bond whose
The nominal amount equal to the advance amount increases due to fees and late interest.

Example:
On 22/03, the client YASSINI informs their supplier HASSNI that they will not be able to pay the due date of 31/03 for installment No. 34.
nominal 3,000 dh requests a deadline extension.

On 26/03, the company HASSNI transfers 3,000 dh by bank transfer to the account of its client YASSINI because the effect cannot
to be collected, and will she issue a new draft no. 35 on 30/04, including late interest at 12% (from 31/03 to
30/04), and correspondence fees of 20 dh and a tax stamp of 5 dh. VAT 20%.

On 28/03, the company YASSINI accepts the new draft n°35.

At HASSNI: supplier At YASSINI: client

26/03 26/03
3421Client 3.000 5141 Bank 3.000
5141 Bank 3,000 4411 FRS 3.000
Bank transfer bank transfer
26/03 28/03
3421Client 61 6311 interest on loans and D 30
7381 interests and P. Assi 30 34552 State, VAT R/C 6
4455 State, billed VAT 6 Postal fees 20
61451 postal charges 20 61671 Right to register and T 5
61671 Registration rights and T 5 4411 FRS 61
Renewal fees Renewal fees
Of the effect Of the effect
March 28 March 28
3425 Clients, Receivables 3.061 4411FRS 3.061
3421 Clients 3.061 4415 FRS, Payable effects 3.061
New treaty no. 79 New treatise No. 79

Note:

Interest = (3,000 x 12 x 30) / 36,000 = 30 DH

12
 Unpaid effects:
The promissory note is unpaid when the client refuses to pay at maturity. Two cases can be considered depending on whether the note has been
presented for collection or discount:
- The instrument has been submitted for collection: in this case, the bank returns the instrument to the beneficiary and debits their account for the fees.
of unpaid.
- The effect was handed over to the discount: in this case, the bank turns against the beneficiary who then turns to their back.
against the tré.

a. Effect deferred until payment:

When the bill is presented for payment by the drawer and the drawee refuses to honor their commitment, in this case the drawer
may file a protest due to non-payment and exercise its remedies against the treasury.
When the bill has been returned for payment to the bank, in this case the bank returns the unpaid bill to the beneficiary.
accompanied by a notice of non-payment.

Example:
On 28/09, the company ZAFAT handed over for collection, promissory note no. 12 maturing on 30/09 with a nominal amount of 5,000 dh.
his client HAMAD.
On 01/10, the bank returns to ZAFAT the unpaid letter number 12 with a debit notice number 45 including the following fees: Fees
return (excluding VAT) 40 dirhams, VAT 4 dirhams.

On 02/10, the company ZAFAT issued to the company HAMAD a new bill of exchange No. 13 for an amount equal to the increased nominal.
unpaid fees and late interest (excluding tax) of 30 dirhams. VAT 20%. The invoice is accepted on the same day by the company.
HAMAD.

At ZAFAT: supplier or creditor ● At HAMAD: client or debtor

28/09 September 28
51132 effects on collection 5,000
3425 Clients, Effects to R 5,000 no writings
Treaty No. 12 submitted to the E
01/10 01/10
3425Client, effects to R 5,000 no writings
6147 banking services 40 02/10
34552 State, VAT R/C 4 4415FRS, Payable effects 5,000
51132 effects on collection 5,000 4411 FRS 5,000
5141 Bank 44 Cancellation of
Treaty No. 12 unpaid - Notice D No. 45 treaty no. 12
October 2 d°
3425Client, effects in R 5.080 4411FRS 5,000
3421 Client 5,000 6147Banking services 40
6147 banking services 40 34552 State, VAT R/C 4
34552 State, VAT R/C 4 6311 interest on loans and D 30
7381 interests and P. Assi 30 34552 State, VAT R/C 6
4455 State, VAT charged 6 4415 FRS, Effects to be paid 5.080
Creation of news acceptance of the news
Treaty No. 13 treaty no. 13

13
 b. Effect returned at discount:
When the bill has been discounted, in this case the bank collects the amount of the bill from the beneficiary.
increased restitution fees.
The beneficiary turns against the treasurer and claims reimbursement of unpaid fees and late interest.

Example:
On 03/11, the bank returns to the company SBOYA the unpaid invoice n°23 with debit notice n°56 following:

Letter number 23, due on 31/10 with a nominal value of 2,500 dh, was issued to client OMAR on 24/09 and discounted at the
bank on 02/10.

On 04/11, the company SBOYA issued a new bill no. 24 to its client OMAR for an amount equal to the nominal plus the
default fees and late interest (excluding tax) of 40 dirhams. VAT 20%. The payment is accepted the same day by OMAR.

At SBOYA: supplier or creditor ● At OMAR: client or debtor

November 3 November 3rd
5520 discount credits 2,500 no writings
6147 banking services 20 04/11
34552 State, VAT R/C 2 4415FRS, Accounts payable 2.500
5141 Bank 2.522 4411 FRS 2,500

Unpaid transaction no. 23 - Notice D no. 56 Cancellation of contract no. 23

April 11 d°
3421Client 2.500 4411FRS 2.500
3425 Clients, Effects at R 2,500 6147Banking services 20
Cancellation of the 34552 State, VAT R/C 2
Treaty No. 24 6311 interest on loans and D 40
D° 34552 State, VAT R/C 8
3425Client, effects to R 2570 4415 FRS, Effects to be paid 2.570
3421 Client 2.570
6147 banking services 20 Acceptance of the news
34552 State, VAT R/C 2 Treaty No. 24
7381 interests and P. Assi 40
4455 State, VAT charged 8
Creation of news
Treaty No. 24

14